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Alpana

Dey

Creative Entrepreneur

Murshidabad, West Bengal

318 livelihood days

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Alpana

Dey

#artisanentrepreneur#artisandesigner
Alpana needs credit for her handloom business.

Creative Entrepreneur

West Bengal

318 potential days of livelihood

1,35,000 loan is fully repaid

1,35,000 loan is fully repaid


About Alpana

Alpana Dey is a weaver and the sole breadwinner of her family. She is a hard-working woman and is the first woman from her village to start a small business hand-weaving. Alpana Dey comes from Murshidabad in West Bengal where she has started a small hand-loom unit working for the past several years. She has a big responsibility towards the people around her, as she is the prime source of livelihood for her family members and her children. As the sole breadwinner of her family, she has to work a lot. She is finding the lack of technology, market network, and proper management strategy very difficult to handle. Enable Alpana to invest in the technology that removes the need for physical labor to dye the fiber and weave her products.

About Alpana Dey's livelihood

Alpana is a creative entrepreneur who works 7 hours a day for 7 days a week. With this loan Alpana will potentially obtain employment for 318 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Alpana Dey has consented to pay the interest as below:

Investee
pays

5.00% flat p.a.

9.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

0.00%

0.00% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

1,35,000

Loan
tenure

8 months

Moratorium

2 months

Repayment
mode

EMI

Investee
occupation

Handloom

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Loomers India Private Limited
   
Partner logo

Established in

2020

With Rang De from

Nov 2022

Founded by

Nivedita Rai and Sourodip Ghosh

The Hindi word 'Kargha' means 'handloom'. As such, 'Karghewale' essentially are weavers. Karghewale is a community of exceptional young weavers from various weaving clusters of India who have come together under an umbrella brand with a promise to offer bespoke handwoven textiles in contemporary designs and exemplary quality. Every Karghewale product narrates a coming-of-age story of an artisan overcoming neatly stacked odds to realise their potential as a proud ambassador of handloom weaving.

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3

3000

3

Total: ₹3000

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